Polkadot Price Analysis: DOT hits historical high as bulls remain relentless

• Polkadot spikes to new all-time high after crossing above the stubborn resistance at $40.
• The upswing hit a barrier at $47, cutting short the journey to $50.
• DOT is likely to consolidate before the next significant move toward new all-time highs.

Polkadot finally made it above the crucial $40 level. The move triggered massive buy orders as investors speculated a liftoff past $50,000. A record-high has been traded at $47, limiting the price action. Meanwhile, DOT is doddering at $45 amid the hunt for higher support.